Article: Alternatives to Thaksinomics: Populist schemes reflected needs of poor.

Byline: Wichit Chantanusornsiri

Oct. 11--While the government has yet to detail its policy focus for the next 12 months, the overriding theme would appear to centre on "sufficiency economics", a concept championed by His Majesty the King that emphasises prudent spending and sustainable development.

The focus is a repudiation of sorts to the policies of the Thaksin Shinawatra governments, which focused on boosting domestic consumption through provision of easy credit and transfers from the state. Grassroots development programmes such as the People's Bank microfinance scheme, 30-baht universal health care and village investment funds proved wildly popular ...

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